Investor Pressure on Murdoch Isn't Going To Have Much Impact

There have been plenty of critics blasting Rupert Murdoch and News Corp. since the phone hacking scandal erupted months ago. As the company gets set for its annual meeting tomorrow, we can expect to hear plenty more from the investors who are demanding that changes be made.

However, as Bloomberg News reports, all the noise being made by groups such as The California Public Employees’ Retirement System, the California State Teachers’ Retirement System and Institutional Shareholder Services, really doesn’t matter.

That’s